State Budget-2021: UAH 783.3 billion or 103.8% of the Revenue Plan was Transferred to the General Fund in January-September 2021

According to the preliminary data of the State Treasury Service, in September 2021, the general fund of the state budget received UAH 83.2 billion. The monthly plan was executed by 101.1% (+ UAH 0.9 billion).

The revenues of the State Tax Service amounted to UAH 39.7 billion or 102.3% of the September plan (+ UAH 0.9 billion), including:

• personal income tax and military fee: UAH 11.6 billion;
• corporate profit tax: UAH 1.5 billion;
• fee for the use of mineral resources: UAH 5.1 billion;
• excise tax on goods produced in Ukraine: UAH 6.3 billion;
• value-added tax: UAH 12.6 billion (UAH 26.8 billion collected, UAH 14.2 billion reimbursed).

Customs payments to the general fund of the state budget amounted to UAH 40.5 billion or 100,1% of the September plan (+ UAH 0.1 billion). From the total receipts, UAH 37.8 billion was received in the form of value-added tax, import duties amounted to UAH 2.5 billion.

The general fund of the state budget in the January-September of 2021 received UAH 783.3 billion or 103.8% of the plan for the reporting period (+ UAH 28.6 billion). The revenues of the State Tax Service amounted to UAH 449.6 billion, the budget plan for January-September was executed by 105.1% (+ UAH 21.9 billion). The revenues of the State Customs Service amounted to UAH 284.6 billion, the performance was 103.0% (+ UAH 8.3 billion).

Receipts of a single fee on obligatory national social insurance in the Pension Fund and Social Insurance Funds in the 9 months of 2021 amounted to UAH 250.3 billion, which is UAH 8.1 billion more than the planned performance of the State Tax Service for the relevant period. Of this amount, UAH 28.9 billion was received in September.

According to the preliminary data of the State Treasury Service, in January-September 2021 the expenditures of the general fund of the state budget amounted to UAH 827.1 billion or 92.3% of the budget plan for this period. Financing of social expenditures, defense expenditures, debt service expenditures, and subventions and transfers to local budgets was carried out in full following the budget plan based on payment orders.

In January-September 2021 the state budget was executed with a deficit of UAH 37.4 billion, including a UAH 39.8 billion deficit of the general fund of the state budget (vs UAH 141.1 billion planned for this period).

Actual state borrowings to the general fund of the state budget in January-September 2021 amounted to UAH 360.8 billion or 77.7% of the planned for this period.

UAH 260.8 billion, including UAH 69.2 billion in foreign currency (USD 2.0 billion and EUR 418.1 million), was attracted for the financing of the state budget from the placement of domestic government bonds.

In addition, there was an issue of domestic government bonds for UAH 1.8 billion with subsequent purchase into state ownership in exchange for bonds shares of the Export Credit Agency.

UAH 98.2 billion was attracted from external sources, including:

• UAH 48.2 billion (USD 1.75 billion) through the placement of an 8-year Eurobond with a yield of 6.876% and additional placement was priced at the yield of 6.3%;
• UAH 37.9 billion (SDR 1.0 billion) by receiving the proceeds of the Special Drawing Rights (SDR) general allocation approved by the Board of Governors of the International Monetary Fund on August 2, 2021;
• UAH 0.4 billion (USD 15.0 million) from the IBRD loan within the framework of the project "Modernization of the Social Support System of Ukraine";
• UAH 1.5 billion (USD 55.0 million) from the IBRD loan within the framework of the project "Second additional financing to overcome the consequences of the COVID-19 pandemic";
• UAH 0.1 billion (USD 5.0 million) taking the IBRD loan within the framework of the project "Additional Financing for the Project "Modernization of the Social Support System of the Population of Ukraine;
•  UAH 0.3 billion (USD 12.4 million) from IBRD within the framework of the program "Additional Financing of the Project "Improving Public Health in the Service of People"; 
•  UAH 9.6 billion (USD 350 million) of the IBRD loan proceeds for the "First Development policy loan" system project.

Public debt repayments for January-September 2021 totaled UAH 357.6 billion, debt service payments amounted to UAH 110.2 billion.